×

Singapore Stocks Plunge More Than 7% On Tariff Fears

The Straits Times Index sank 7.37 percent, or 281.84 points.

By Channels Television
Updated April 7, 2025
Twitter
This illustration photo shows a person checking the three month GameStop stock graph on a smartphone on February 17, 2021 in Los Angeles as the Reddit, Citadel, Robinhood and Melvin Capital logos are seen on the background ahead of the virtual hearing involving GameStop stocks. – The House Committee on Financial Services will hold a hearing, titled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide” on February 18, 2021. CEOs Reddit, Robinhood, Citadel and Melvin Capital are expected to testify. (Photo by Chris DELMAS / AFP)

 

Shares in Singapore plunged more than seven percent at the open on Monday amid fears over a global trade war after China retaliated against Donald Trump’s sweeping tariffs.

The Straits Times Index sank 7.37 percent, or 281.84 points, to 3,544.02 as markets across Asia went into freefall.

 

READ ALSO: Australian Stock Index Plummets 6% At Open

AFP

More Stories